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No longer on the market

This property is no longer on the market

Office

Auction
EV charger
Sold STC
Office
Added > 14 days

Features and description

  • Four storey
  • Office Block
  • Generating £32,000 per annum
  • Premier business location
  • 130 Car Parking Spaces
*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction the four storey freehold office block.

The property is being offered fully tenanted and is generating £32,000 per annum, further details can be found in the legal pack.

Teesdale is Tees Valley’s premier business location providing a mixed-use development that has successfully attracted a number of national and regional occupiers. Teesdale is accessed via the A66 and A19 trunk roads, which link to the nation’s transport network with the A1(M) (J57) being located only 4 miles west. In addition, Durham Tees Valley Airport is located 9 miles south west along the A66.

Rooms

Location
Stockton-on-Tees is situated approximately 250 miles north of London, 58 miles north of Leeds and 35 miles south of Newcastle upon Tyne. The town is an important sub-regional centre and is a major focus for retail and leisure activity in the area. Stockton is positioned at the intersection of the A19 and A66 Trunk Road, which provide easy access to the A1(M), approximately 15 miles to the west. Travelling via the A19, it is possible to connect to Leeds, York, Durham and Newcastle within one hour’s drive time.

Accomodation
Briefly comprising a 16,800 sq ft detached office building split over our floors with 130 car parking spaces.

Tenure
Freehold. Title number: CE233263

Income
The property is being sold subject to two lease, Coshabang (Richard House) Ltd have signed up to a 25 year FRI lease at an initial rent of £27,000 pa with 5 yearly RPI increases with a minimum of 5% increase, Coshabang then sublet individual office units to small businesses. Additionally Instavolt have a 30 year lease for 4 x electric charging car charging points and generates an additional £5,000 pa giving a total annual income of £32,000, further details can be found in the legal pack.

Rateable Value
Further details can be found via VOA's website:

EPC
Available Upon Request (Rating C).

Visit agent website

Area statistics

Crime score
High crime
10/10

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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